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adultorata

124 karma · joined November 1, 2021

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adultorata··on How Stablecoins Became the Digital Gold Standard
https://ugly.cash/ https://www.kast.xyz/ https://www.redotpay.com/ https://www.bitpay.com/ https://wirexapp.com/
adultorata··on Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B
You can move $2 billion worth of capital PERMISSIONLESS with a click of a button, the only thing you need is the private key, are you being disingenuous on purpose or what?
adultorata··on Binance founder 'CZ' leaves prison on Friday
Check out Ampleforth, fair supply distribution
adultorata··on Bring crypto back to currency
> The ideal currency has a constant, predictable 2-4% inflation to promote the velocity of money and prevent stagnation.

This 2-4% number has no fundamental basis, Ampleforth is the only cryptocurrency that seems to solve this basic concept of how much supply and how to distribute it

https://satoshi.nakamotoinstitute.org/posts/p2pfoundation/3/

adultorata··on I recorded a screen capture of a task. Gemini generated code to replicate it
Good luck sending 10 BTC worth of USD from a US bank to China or Russia, or ANY bank without raising eyebrows and getting your bank account locked/frozen
adultorata··on A blacklist of banks that block movements to or from Bitcoin related services
https://quotefancy.com/quote/1792530/Satoshi-Nakamoto-There-...

Indeed Satoshi design would've been like that, eventually we got Chainlink to 'to know the real world value of things.'and Ampleforth used that in the design to have perfect elastic supply

adultorata··on Three Arrows Capital co-founder Zhu arrested in Singapore airport
Check out Ampleforth, a perfect elastic supply, if Bitcoin had oracles in 2008, then the protocol would've behaved as AMPL
adultorata··on Ask HN: Are there banks/crypto companies immune to bank run?
You may be interested in the SPOT cryptocurrency, it's design claims to be 'an inflation-resistant store of value that features responsible protocol design choices. It is a freely redeemable, on-chain, stable asset that can safely wind down to zero users under stress without interventional bailouts'

spot.cash

adultorata··on An attacker is currently draining 100s of Solana, $SOL, wallets and SPL tokens
In a way yes, you don't understand it completely, DeFi space is close to solving inflation, we're just really really early, yes, 99% of tokens will die, but that 1% that lives will be the building foundation of the future of smart money, novel winning economist Hayek proposed denationalisation of money and we are finally witnessing it, I do seriously think you don't understand it.
adultorata··on Report on Stablecoins [pdf]
I agree on this, although ampleforth is not specifically a stablecoin, but nonetheless it's one of the most interesting economic experiments I've witnessed since bitcoin, a true Hayek money had never been possible before in humanity, thanks to chainlink a currency that even Satoshi Nakamoto dreamed of is now possible